Restructuring and Asset Impairments (Tables)

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

Summary of restructuring costs by segment

The following table presents restructuring costs by segment as included within the Company’s consolidated statements of operations for the periods reported (in millions):


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Cost of revenues:
BSI BioSpin		$	0.7			$	0.2			$	2.2			$	1.2
BSI CALID			(0.5	)			0.6				(0.8	)			1.8
BSI NANO			0.1				3.6				8.4				4.0
Total Cost of revenues		$	0.3			$	4.4			$	9.8			$	7.0
Other charges, net:
BSI BioSpin		$	0.5			$	(2.5	)		$	3.4			$	3.3
BSI CALID			2.1				2.2				3.6				3.2
BSI NANO			0.3				2.0				4.0				2.8
Corporate			1.0				1.2				1.2				1.2
Total Other charges, net		$	3.9			$	2.9			$	12.2			$	10.5
Total		$	4.2			$	7.3			$	22.0			$	17.5

Schedule of changes in restructuring reserves, excluding costs of scrapping expired or expiring inventory

The following table sets forth the changes in restructuring reserves, excluding costs of $7.7 million for scrapping expired, or expiring inventory, for the six months ended June 30, 2026 (in millions):


		Total				Severance				Exit Costs
Balance at December 31, 2025		$	32.2			$	31.9			$	0.3
Restructuring charges			14.3				12.0				2.3
Cash payments			(23.9	)			(22.2	)			(1.7	)
Other, non-cash adjustments and foreign currency effect			(1.0	)			(0.8	)			(0.2	)
Balance at June 30, 2026		$	21.6			$	20.9			$	0.7

Schedule of restrucuring charges incurred in connection with the corporate-wide restructuring plans

The following table summarizes the charges incurred in connection with the corporate-wide restructuring plan by reportable segment for the periods presented (amounts in millions):


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
BSI BioSpin
Severance and termination charges		$	—			$	0.6			$	2.1			$	0.6
Inventory product restructuring charges			—				—				0.8				—
Other restructuring charges			—				—				0.1				—
Total BSI BioSpin		$	—			$	0.6			$	3.0			$	0.6
BSI CALID
Severance and termination charges		$	1.0			$	1.0			$	3.0			$	1.0
Inventory product restructuring charges			(0.5	)			—				(1.4	)			—
Other restructuring charges			0.2				—				0.2				—
Total BSI CALID		$	0.7			$	1.0			$	1.8			$	1.0
BSI NANO
Severance and termination charges		$	(0.5	)		$	2.0			$	(0.6	)		$	2.0
Inventory product restructuring charges			0.2				—				0.2				—
Other restructuring charges			0.1				—				0.1				—
Total BSI NANO		$	(0.2	)		$	2.0			$	(0.3	)		$	2.0
Corporate
Severance and termination charges		$	0.6			$	1.1			$	0.8			$	1.1
Other restructuring charges			0.3				0.1				0.4				0.1
Total Corporate		$	0.9			$	1.2			$	1.2			$	1.2
Total Corporate wide restructuring charges (a)		$	1.4			$	4.8			$	5.7			$	4.8

(a)

The Company made severance, exit, and other restructuring payments of $7.6 million and $19.5 million for the three and six months ended June 30, 2026, respectively.

Summary of charges incurred in connection with BSI NANO restructuring plan

The following table summarizes the charges incurred in connection with the BSI NANO Restructuring Plan for the three and six months ended June 30, 2026 (amounts in millions):


		Three Months Ended June 30, 2026				Six Months Ended June 30, 2026
BSI NANO
Severance and termination charges		$	(0.3	)		$	4.2
Inventory product restructuring charges			—				7.6
Other restructuring charges			0.8				1.0
Total BSI NANO (a)		$	0.5			$	12.8

(a)

The Company made severance, exit, and other restructuring payments of $2.2 million for both the three and six months ended June 30, 2026, respectively.

Summary of Charges Incurred in Connection With BSI Biosystems Restructuring Plan

The following table summarizes the charges incurred in connection with the BSI Biosystems Restructuring Plan for the periods presented (amounts in millions):


		Three Months Ended June 30, 2026				Six Months Ended June 30, 2026
BSI BioSpin
Severance and termination charges (a)		$	0.7			$	2.0
Inventory product restructuring charges			0.5				0.5
Total BSI BioSpin		$	1.2			$	2.5
BSI CALID
Severance and termination charges		$	0.9			$	0.9
Other restructuring charges			0.1				0.1
Total BSI CALID		$	1.0			$	1.0
Total BSI Biosystems restructuring charges (b)		$	2.2			$	3.5

(a)

Costs incurred prior to the second quarter reflect service and termination charges associated with the executive separation undertaken as part of the restructuring.

(b)

The Company made severance, exit, and other restructuring payments of $0.8 million for the three and six months ended June 30, 2026.